Broke And Getting Broker: 22 Jaw Dropping Statistics About The Financial Condition Of American Families

Most American families are really struggling in this economy and they see most of the families around them really struggling, but they don’t have any hard numbers to back up the feelings of economic despair that they are experiencing. Well, below you will find 22 statistics that prove that American families are broke and getting broker. Today, the financial condition of most middle class families is rapidly deteriorating. The number of good jobs is declining, incomes are down, debt loads are up and bankruptcies and foreclosures just continue to increase. If you step back and really examine the statistics, it becomes really hard to deny that American families are getting poorer. Well, the wealthiest 5 percent are still thriving, but everyone else is really having a tough time. The truth is that a large percentage of the U.S. middle class is slowly but surely going broke. Unfortunately, this is being caused by long-term economic trends that simply are not going to be fixed overnight.

Most Americans had just assumed that the United States would always have a dominant, prosperous economy. But in the world we live in today there are no guarantees.

The era when almost anyone could find a good job is over. Millions of good jobs have already left the United States, and vast numbers of legal and illegal workers have been shipped in to the country to compete for the jobs that are still here.

There are millions of Americans that would give just about anything for a good job right about now. But the good jobs are very few and far between at this point.

Every day there is more depressing news. For example, a recent job fair in Massachusetts was shut down because of a lack of jobs.

In fact, with jobs so scarce these days, more Americans than ever are willing to work for free.

This is not just a “recession” or an “economic downturn”. The U.S. economy is fundamentally changing for the worse. Millions of American families are already experiencing economic despair and millions more will be experiencing it very soon.

The following are 22 jaw dropping statistics about the financial condition of American families….